Rate things are usually nobody pays attention to, but today SPCX has eight samplings all negative: the lowest touched -0.025%. The shorts have been paying money and holding their positions from last night until now. While they keep paying, the price has still ground up from 140 to 150.85—up 7.27% in 24 hours. The shorts aren’t adding positions either; their open interest surged 27.5% in a single day to 460 million. The more they add, the more they lose—this is the most classic squeeze buildup.
Now look at the active order flow: contract buy orders make up only 46.7%. Sell orders are higher than buy orders, and in the spot 20-level book, sell volume is still压ing the buy volume. With selling pressure this obvious, they still can’t hold the price down. The real buyers are picking up below the order book—no chasing price, just accumulating.
The large players are even more split: 57% of accounts are long, but based on position size, only 29% is actually long. Accounts say they’re bullish with their mouths, but their hands are short—yet the price still rises. The more the shorts stack up, the thicker their positions become, and the more fuel there is for the eventual cover.
My stance is very direct: go long. The entry is above the 20-day moving average at 150.3. I’m betting that the shorts will have to cover in this round—not a one-way trend. Don’t assume it will flip by any certain amount. A break above 152.19, the 24-hour high, and cover orders will accelerate; if it falls below 150 and open interest shrinks, that means leverage is backing off, and the longs should exit.
#spcx $SPCX
Now look at the active order flow: contract buy orders make up only 46.7%. Sell orders are higher than buy orders, and in the spot 20-level book, sell volume is still压ing the buy volume. With selling pressure this obvious, they still can’t hold the price down. The real buyers are picking up below the order book—no chasing price, just accumulating.
The large players are even more split: 57% of accounts are long, but based on position size, only 29% is actually long. Accounts say they’re bullish with their mouths, but their hands are short—yet the price still rises. The more the shorts stack up, the thicker their positions become, and the more fuel there is for the eventual cover.
My stance is very direct: go long. The entry is above the 20-day moving average at 150.3. I’m betting that the shorts will have to cover in this round—not a one-way trend. Don’t assume it will flip by any certain amount. A break above 152.19, the 24-hour high, and cover orders will accelerate; if it falls below 150 and open interest shrinks, that means leverage is backing off, and the longs should exit.
#spcx $SPCX
